MSCI Q2 Earnings Beat, Recurring Subscriptions Rise Y/Y

Non-recurring revenues of $23.2 million fell 15% year over year and contributed 3.3% to revenues. At the end of the reported quarter, average assets under management (AUM) were $1.631 trillion in ETFs linked to MSCI indexes. The total retention rate was 94.8% in the quarter under review. Top-Line Details In the second quarter, Index revenues of $397.2 million surpassed the Zacks Consensus Estimate by 7.21% and increased 9.6% year over year. Recurring subscriptions and asset-based fees increased 8.1% and 18. ...